Slate Office REIT (TSE:SOT.UN) Shares Up 53.7% – Should You Buy?

Slate Office REIT (TSE:SOT.UNGet Free Report)’s share price rose 53.7% on Friday . The stock traded as high as C$0.65 and last traded at C$0.63. Approximately 754,588 shares were traded during mid-day trading, an increase of 748% from the average daily volume of 88,969 shares. The stock had previously closed at C$0.41.

Slate Office REIT Stock Up 53.7 %

The company has a quick ratio of 0.14, a current ratio of 0.47 and a debt-to-equity ratio of 329.26. The stock has a fifty day moving average price of C$0.51 and a two-hundred day moving average price of C$0.44. The company has a market cap of C$50.64 million, a price-to-earnings ratio of -0.19 and a beta of 1.35.

Slate Office REIT Company Profile

(Get Free Report)

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 43 strategic and well-located real estate assets located primarily across Canada's major population centres including one downtown asset in Chicago, Illinois. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions.

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